402 Colin Kelly Dr - Apartments FOR SALE


Roseville, CA 95747- Morgan Creek Village
$650,000 USD
530-320-9018
402 Colin Kelly Dr, Roseville, CA for Sale
$650,000 USD
Apartments - FOR SALE
1/43
null | Request Cap Rate

402 Colin Kelly Dr
Roseville, CA 95747
Morgan Creek Village


HIGHLIGHTS

  • Three residential units provide multiple income streams from a single property.
  • Two accessory dwelling units were constructed in 2021 with modern finishes.
  • Convenient access to Roseville employment, retail, and transportation corridors.

OVERVIEW

INVESTOR OPPORTUNITY | 3 UNITS + LAND | WEST ROSEVILLE Own the mobile home AND the land, plus TWO newer 2-bedroom ADUs! This unique West Roseville property offers 3 income-producing units with a pro forma gross rental income of $8,610/month ($103,320/year). Located in desirable Sabre City, where mobile homeowners own the land, this property offers investors a rare opportunity to acquire a multi-unit property with immediate income and potential upside. The front unit is an 880 sq ft, 2-bedroom, 1-bath mobile home that has been recently remodeled and is currently vacant and ready for immediate occupancy or lease-up. Updates include a renovated kitchen and bathroom, new flooring, fresh interior and exterior paint, and modern light fixtures. Additional features include a covered carport and covered patio. Estimated fair-market rent: $2,870/month. At the rear is a 2021-built two-story duplex ADU, with two additional 2-bedroom units. Each unit is approximately 600 sq ft and features a modern, efficient floor plan with white shaker cabinets, laminate countertops, vinyl plank flooring, and all-electric appliances/systems. Both ADUs are currently tenant occupied on month-to-month leases, providing immediate rental income while maintaining flexibility for the future. INVESTMENT HIGHLIGHTS: • 3 total 2-bedroom units • 2,080 sq ft combined living area • Two ADUs built in 2021 • Front unit vacant and ready to lease • Two units currently producing rental income • $8,610/month pro forma gross rent • $103,320/year pro forma gross rent • OWN THE LAND — NO SPACE RENT • Low-maintenance property with multiple income streams Ideal for investors seeking rental income, portfolio growth, or an owner-occupant looking to live in one unit while renting the others. Three 2-bedroom units. Two newer ADUs. One property. You own the land.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$313 USD /SF

# OF UNITS

3

PRICE/UNIT

$216,667

CAP RATE

Request Cap Rate

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1997

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,527 SF

ZONING

RM-DL8-DC

APN/PARCEL ID

023-302-026

ASK ABOUT THIS PROPERTY

Becca CrossEXP Realty of California, IncMore Info
530-320-9018

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Becca CrossEXP Realty of California, IncMore Info
530-320-9018

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.